Definitions for "MASTER BUDGET"
formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statements. However, dependent upon the individual or geographic location, is variously contains the cash budget only; or the income statement and the balance sheet combined; or the income statement and the balance sheet and the cash budget combined.
In accounting, the overall operating and financing plans for a company during a specified accounting period. Also known as performance plan.
A budget that summarizes the planned activities of all sub-units of an organisation.